Delek Real Estate expands locally

By RYAN NADEL
October 4, 2006 08:03

Delek Real Estate is expanding its operations in Israel through the investment of US$37.5 in real estate company Vitanyah through a convertible debenture.




Delek Real Estate is expanding its operations in Israel through the investment of US$37.5 in real estate company Vitanyah through a convertible debenture. The debenture will be convertible into a maximum of 50% Vitanyah shares during the next 10 years. The investment is part of Delek Real Estate's strategy to expand its portfolio of income producing properties in Israel.


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